Filipinos will now see a uniform 20% tax on interest earned from savings and investment accounts. As of July 1, 2025, the government is enforcing this standardized tax system. This change comes after President Ferdinand Marcos Jr. signed Republic Act 12214 or the Capital Markets Efficiency Promotion Act (CMEPA). The bill removes previously lower tax rates on long-term deposits, applying… Read more in our articles including "CMEPA implemented, banks slap uniform 20% tax to interest income" and "BIR opens Tax Payer Portal".
Filipinos will now see a uniform 20% tax on interest earned from savings and investment…
Jul 18, 2025
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Apr 2, 2026Filipinos will now see a uniform 20% tax on interest earned from savings and investment accounts. As of July 1, 2025, the government is enforcing this standardized tax system. This change comes after President Ferdinand Marcos Jr. signed Republic Act 12214 or the Capital Markets Efficiency Promotion Act (CMEPA). The bill removes previously lower tax rates on long-term deposits, applying…
Our coverage of CMEPA law implemented includes: "CMEPA implemented, banks slap uniform 20% tax to interest income"; "BIR opens Tax Payer Portal"; "DTI retracts plan to require permit when running online ads and promos". Each article provides unique insights and information.
Our article "CMEPA implemented, banks slap uniform 20% tax to interest income" published on July 18, 2025 covers the latest information about CMEPA law implemented. Check it out for the most current details.